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About the Book

Whatever your classification--sole proprietor, freelancer, subcontractor, free agent, independent professional--the tax authorities require you to follow the same rules. And the rules often seem murky. Through clear language and concrete examples, tax consultant June Walker sets forth her hallmark quick, audit-proof Most Simple System for keeping concise records and missing not a single deduction--so you end up paying the least tax legitimately possible. You'll learn . . . How to prove to the IRS that your endeavor is a business, not a hobbyHow start-up costs differ from other business expensesHow to deduct travel expensesHow to mine the advantages of sole proprietorshipHow to recognize when gift-giving can be a legitimate business deductionHow to make estimated tax paymentsWhy you should not incorporate